debit and credit card differnce

every time i use enterprise to rent a car i use my debit card which can use credit or debit (i checked with my credit union ) they always insist that it be used as debit and not credit and then deduct $ 250 from checking account (the card can work either way if theres no money it won't work )

i feel enterprise is doing this so they can earn interst on the money they collect and its not fair for us who have a debit/credit card and do not have nor want a regular credit card

i would like them to change thier policy to allow a debit or credit card to be used as credit they are making lots of money off this and its not fair

IMO, using a debit card for purchases in insane. Vendors put holds onthem (the worst would be rental cars and hotels), thereby freezinglarge amounts of your cash and making it unavailable. In the worstcase, it results in you going into overdraft.

If your credit is good and you know the basics of using a credit card(ie pay the darned bill), a credit card avoids this hold nonsense.

I see you don't wish to use a credit card, but to me it makes a lot ofthings so much easier, and provides purchase protection as well. Goodluck.

As your CU stated, you can use the CU's card as either a debit or acredit. For one, you enter a PIN. For the other, you use asignature. At the grocery store, or at Walgreen's, you can selectwhether you're using the card as a debit or credit.

When you use the card at a gas station, hotel, or car rental, however,the merchant puts a hold on the card. YOU don't get the choice here. The merchant does.

This hold allows the merchant to recoup any loss or excess charge thatyou may incur. How will Enterprise, for example, get their money backif you trash their car? Like slice the seats or remove the soundsystem or let your dogs relieve themselves in the car? I can think ofways to do a lot more than $250 worth of damage to somebody else'scar.

Enterprise, and hotels and gas stations, will also put a hold on yourcredit card. In this case, however, you're unlikely to notice thehold because you'll be under your limit.

I'm interested to find out the interest rate you're earning on yourchecking account, as long as you're concerned about the interest thatEnterprise is earning.